Tuesday, May 28, 2024
Home Articles Housing Markets

Housing Markets

Case-Shiller: Home Prices Hit Ninth All-Time High in The Past Year

Despite higher mortgage rates, U.S. home prices continued to rise in March, increasing 0.3%, on a seasonally adjusted basis compared with February and up...
new construction home

NAHB: It Takes 38 Percent of the National Median Income to Afford a Median-Priced...

It currently takes about 38% of a typical family’s income to make a mortgage payment on a median priced new single-family home in the...

New Home Sales Fell 4.7 Percent in April Due to Higher Mortgage Rates

New home sales in April were at a seasonally adjusted annual rate of 634,000, a decrease of 4.7% compared with March and down 7.7%...

NAR: Existing-Home Sales Fell in April But Inventory Increased 9 Percent

Lack of inventory, high home prices and rising mortgage rates slowed existing-homes sales in April. According to the National Association of Realtors (NAR), existing-home sales...

Zillow Home Loans Rolling Out New Tool to Help Borrowers Assess Affordability

Zillow Home Loans is introducing a new tool that helps borrowers assess how much home they can afford. The new tool, BuyAbility, gives buyers a...

Redfin: New Home Sales Continue to Represent One-Third of All Home Sales 

One-third (33.4%) of single-family homes for sale in the U.S. in the first quarter were newly built, according to a Redfin report. Although that is...

New and Active Listings Increased in April as Home Prices Continued to Rise

The median U.S. home sale price increased 6.2% year over year in April to $433,558 — the highest level on record, according to Redfin. Today’s...

Housing Starts Increased in March, Driven by 31 Percent Surge in Multifamily Production

Housing starts were at a seasonally adjusted annual rate of 1.36 million in April, an increase of 5.7% compared with March but down 0.6%...

ATTOM: Share of Properties That Are ‘Equity Rich’ Decreased in Q1

The share of residential properties that are considered “equity rich” decreased to 45.8% in the first quarter, down from 46.1% in the fourth quarter...

CoreLogic: Home Prices Increased 1.2 Percent in March

Home prices increased 1.2% in March compared with February and were up 5.3% compared with March 2023, according to CoreLogic’s home price index report. “Home...

NAR: Home Prices ‘Astonishingly’ Increased 3.4 Percent in Q1 Despite Higher Mortgage Rates

Despite higher mortgage rates, more than 90% of U.S. metros posted home price gains in the first quarter, according to the National Association of...

Fannie Mae: 79 Percent of Consumers Say Now is a Bad Time to Buy...

Roughly 79% of U.S. consumers say now is a bad time to buy a home, according to Fannie Mae’s Home Purchase Sentiment Index (HPSI)...

Redfin: Declining Home Affordability is Hitting America’s Low-Income Buyers Hardest

The progress that was made in providing mortgages to a higher percentage of low-income homebuyers during the pandemic years has been reversed in the...

Dovish Jobs Report Indicates Slowing Labor Market

The U.S. economy added 175,000 jobs in April - lower than expectations - while the unemployment rate increased to 3.9%, according to the U.S....

FHFA: U.S. Home Prices Increased 1.2 Percent in February

U.S. home prices increased 1.2% in February compared with January and were up 7% compared with February 2023, according to the Federal Housing Finance...

ATTOM: Profit Margins on Home Sales Decreased in Q1

Profit margins on median-priced single-family home and condo sales in the U.S. decreased to 55.3% in the first quarter – the lowest level observed...

U.S. Home Prices Continued to Rise in February, Near All-Time Highs

U.S. home prices continued their upward march in February, rising 0.4% compared with January and up 6.4% compared with February 2023, according to the...

Redfin: Flood of Inventory in Parts of Florida, Texas, Resulting in Price Cuts

A recent flood of homes for sale in certain communities in Florida and Texas has resulted in something considered unusual during the past four...

Homebuyer Affordability Declined in March as Rates, Home Prices Increased

Homebuyer affordability worsened in March, as the average mortgage payment applied for by purchase borrowers increased to $2,201, an increase of $17 compared with...

Pending Home Sales Increased in March But Meaningful Gains Won’t Occur Until Rates Fall

Pending home sales increased 3.4% in March compared with February and were up 0.1% compared with March 2023, according to the National Association of...